CBDCs seen offering faster settlements by 87% global securities firms: Citi survey

Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...

Australia’s Central Bank Concludes CBDC Pilot, Identifies Key Use Cases

Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...